Q: At a hotel property, if foxed costs run at $690,000 and variable costs are typically 45% of…
A: The fixed costs is $690000.The variable cost is 45% of the total revenue.The revenue generated is…
Q: A restaurant selling hamburgers has fixed costs of $11,975 and sells the burgers for $6.50 each. The…
A: The point that depicts revenues of the firm being earned are equal to their expenses being incurred…
Q: Ike's Bikes is a major manufacturer of bicycles. Currently, the company produces bikes using only…
A: Given: To Find: The short-run total cost if Ike's Bikes is currently producing 600 bikes: The…
Q: Please use the following table to answer the question. Q AVC TVC TFC TC MC 0 - $0 $150 - $25 $150…
A: Total cost is the cost of producing all the units of good. Fixed cost is the cost that does not…
Q: 0 Use your knowledge of cost functions to calculate the missed cost data in the accompanying table.…
A: The economic cost is different from the accounting cost. Economics cost involves implicit costs like…
Q: Fill in the blanks in the table below. The problem is a "puzzle" so the blanks are not necessarily…
A: Fixed Cost remains constant at all the units of output produced. Variable cost varies with the…
Q: TC = 134 + 20Q + 4Q2 What is the average fixed cost when 11 units are produced? Enter as a value.…
A: TC=134+20Q+40Q2AFC=134+20Q+40Q2QNow,AFC11=134+20(11)+40(11)211 =5,19411 =472.18
Q: You have a price of $5 per unit. Your total variable costs are $1 per unit and your fixed costs are…
A: break-even is at TR=TC TR=P*Q P=5 and Q=? TR=5Q
Q: onvert the following total variable cost schedule for UP Against the Wall Industries into the total…
A: Total cost = Total variable cost + Total fixed cost Average fixed cost = Total fixed cost /…
Q: A manufacturer of a product sells all that is produced. The total revenue is given by TR=7q, and…
A: Total revenue function of the manufacturer: TR=7q .......(1) Total cost function: TC=6q+1…
Q: Answer the question on the basis of the following cost data. Average Fixed Output Cost Average…
A: Total fixed cost is average fixed cost multiplied by the quantity of output produced. Total Fixed…
Q: Alejandro is one of the leading ceramic vase producers in the country. His total costs (TC) amount…
A: Average total cost = Total cost/ Output.
Q: From one industry to to another the actual period of time encompassing the long run is likely to…
A: When all the factors of production and costs turns into variable factors of production and variable…
Q: At level of output, average fixed costs = $20, average variable costs = $10 and total costs = $900.…
A: Average total cost = Average fixed cost + Average variable costAverage total cost = Total cost /…
Q: The table below presents production data for a particular firm. 1) Use formulas/calculation in excel…
A: Total Fixed Cost = Total Cost - Total Varible Cost Total Fixed Cost = Total Cost - Total Varible…
Q: What is the Inventory management and versatility and forklifts accessible and storahe utilization…
A: Narrow racking systems is a definitive space-saving choice if your warehousing or capacity floor…
Q: Total costs for Internet firms are dominated by high Multiple Choice fixed costs.…
A: Internet firms operate in a unique economic environment. Unlike traditional brick-and-mortar…
Q: Explain the industry structure with graph and discuss the reasons for economics of scale and…
A:
Q: ou own AAA Audio/Video Repair. You make service calls to customers’ homes to repair their…
A: Fixed cost = 10,000 Variable cost = 20/service
Q: The differences between average total costs and average variable costs declines as a firms output…
A: The difference between average total cost and average variable cost declines as a firms output…
Q: A local baker owns a small shop in a very busy downtown section that the baker uses to bake loaves…
A: In economics, operating cost is the expenditure incurred on daily basis as it is the ongoing cost of…
Q: What potential diseconomies of scale would be present if a firm is at profit maximizing point and…
A: Diseconomies of scale: It is an economic state which generally means that the as the business or…
Q: Average Total Cost
A: The per unit total cost is depicted by average total cost (ATC). The formula is given by: ATC=TCQor,…
Q: Perko manufactures and sells coffee cups. Graphs of the revenue and cost functions are shown below.…
A: An inverted U-shaped revenue curve typically represents a situation where total revenue initially…
Q: Fill in the blanks in the table below. The problem is a "puzzle" so the blanks are not necessarily…
A: Total cost is the cost that includes total variable cost and total fixed cost of the production.
Q: TC = 217 + 55Q + 4Q2 What is the average variable cost when 10 units are produced? Enter as a valu
A:
Q: Finley's orchard incurs $90,000 per year in fixed costs. Last year, their total production was 100…
A: Fixed cost is the cost that remains same at all levels of output. Average Fixed cost is the Fixed…
Q: Steve owns a bike store. His total costs are $1.2M per year, his variable costs are $750,000, and…
A: TFC refers to costs(C) that do not change with the output(Q) level. TVC refers to costs(C) that…
Q: efficient scale is houses.
A: Efficient scale is the scale at which firm can produce its output at minimum average cost.…
Q: The diagram to the right displays short-run cost curves for a facility that produces liquid crystal…
A: Total cost is the sum of Fixed and variable cost. Fixed cost is the cost that remains same at all…
Q: The CDE Co. manufactures widgets which it sells for $9.00 each. The variable cost of each unit is…
A: Break - even quantity is the number of units that the firm needs to sell to cover the cost of…
Q: complete the solution for Marginal profit of Y = dProfit /dY = -X - 4Y + 120
A: Marginal profit is the derivative of total profit with research to the quantity. Marginal profit is…
Q: “A firm that earns only normal profit is not covering all its costs.” Do you agree or disagree?
A: Economic Cost consists of explicit cost and implicit cost. In other words it consists of sum of…
Q: The table below shows cost data for WipeOutSki Company, which manufactures skis for beginners. If…
A: Marginal cost is the cost of producing one more unit of a good. It can be calculated by taking the…
Q: Diane's Donuts will begin selling donuts next week. Diane figures that the average variable cost to…
A: Fixed costs don't change based on the volume of sales or output. The number of products or services…
Q: Ike's Bikes is a major manufacturer of bicycles. Currently, the company produces bikes using only…
A: Average Total Cost is also called per unit cost of production. It is calculated by dividing the…
Q: ips is described in the table that follows -m's fixed costs equal $10,000 per day. Ca e average…
A: Computation with the help of following formula, AVC = VC/O ATC = TC/O AFC = FC/O VC = TC-FC…
Q: firm’s total fixed cost is $360,000. Construct a table of its total and average fixed costs for…
A: The firm’s total fixed cost is given as $360,000. The table can be constructed as follows : TFC :…
Q: Give business examples of short-run costs, economies of scale, and minimum efficient scale (MES).
A: At the Mininum effiecient scale point, the company could achieve the economies of scale being…
Q: List several Fixed and Variable costs, Explicit and Implicit costs associated with owning and…
A: Fixed costs are those costs that a firm has to incur even if it produces no output. Variable costs…
Q: there C is total cost, F is fixed cost, c is a constant and ost, and average cost? Over what range…
A: Given information; C(q) = F + cq Where C is the total cost, F is fixed cost, c is constant, and q is…
Q: The diagram to the right displays short-run cost curves for a facility that produces liquid crystal…
A: Average cost refers to total cost per unit of output. It is calculated as total cost divided by…
Q: The figure shows the cost structure for a firm. When the output level is 100 units the fixed cost is…
A: Fixed costs are expenses that do not change with the level of production or sales within a certain…
Q: What is the term for the change in total cost resulting from a one-unit increase in production?…
A: please find the answer below.
Q: Assume that the linear cost and revenue models apply. An item costs $6 to make. If fixed costs are…
A: The profit is the difference between the total revenue and total cost. The profit = TR - TC.
Describe the likely economies and diseconomies of scale for a large fastfood chain operating
worldwide.
Step by step
Solved in 2 steps
- Explain what is the relationship between marginal cost and average total costs for a firm or industry exhibiting each of the following: a. Economies of scale. b. Constant returns to scale. c. Diseconomies of scale.INNOVATIVE PRODUCT TO BAMBOO BELOW: BAMBOO TUMBLER BAMBOO UTENSILS BAMBOO MASKS BAMBOO STRAW BAMBOO TOOTHBRUSHI'm requesting some help with this problem.
- $22 00 20.00 18.00 Which size bookstore is more likely to experience diseconomies of scale? Long-run Average cost OA Abookstore selling 1,000 books per month B. Abookstore seling 20,000 books per month C. Abookstore selling 40,000 books per month 1,000 20.000 Quantity of books sokd per month 40,00D,000 D. Abookstore seling 80,000 books per month Average costExplain the differences between constantcost, increasing-cost, and decreasing-cost industries.When Apple Inc. decided to open another branch/store/outlet or presence in a totally different market or industry. Include the below in your discussion: a) The implication of labor and capital costs, changes in the cost of labor or capital on their business in the new market or industry b) How will an excess benefit from their production affect how much of the product or service they will produce c) The implication of MRTS and economies of scale on their business venture d) The impact of the availability of substitutes to the production e) The possible effects of the type of industry and competitiveness within it on their business operations.
- Drag and drop the approprate label into the appropiate spot on the genearlized long-run average cost curve shown below. per unit cost ($/Q) 0 constant returns to scale minimum efficient scale diminishing marginal returns quantity (Q) Q₂ increasing returns to scale caion decreasing returns to scale Activate Window Go to Settings to activaThe table shows three short-run cost schedules for three plants of different sizes that a firm might build in the long run. Plant 1 Plant 2 Plant 3 Output ATC Output ATC Output ATC 10 $ 10 10 $ 15 10 $ 20 20 9 20 10 20 15 30 8 30 7 30 10 40 9 40 10 40 8 50 10 50 14 50 9 What is the long-run average cost of producing 10 units of output? Multiple Choice $10 $15 $20 $45Explain graphically cost behaviour in a differant size plant?
- The table below shows the monthly cost of producing vintage model cars for collectors. Instructions: Enter your answers as a whole number. Fill in the missing values for total fixed cost, total variable cost, and total cost in the table below. Vintage Model Car Production Costs Output 0 100 200 300 400 Total Fixed Cost (dollars) $3,000 3000 3000 3000 3000 Total Variable Cost (dollars) 1,200 1,700 3,700 III Total Cost (dollars) $3,000 5,700The cost structure of a manufacturer of microchips is described in the table in the next column. The firm’s fixed costs equal to $10 per day. Calculate the average variable cost, average fixed cost, and average total cost at each output level. Output (microchips per day) Total Cost of Output ($ thousands) 0 10 25 60 50 95 75 150 100 220 125 325 150 465shows the long-run average costs for Inmode, a manufacturer of Internet modems. Quantity per Day Average Cost ($) a) At what output is minimum efficient scale achieved? Output: b) with what output do diseconomies of scale begin? Output: 1 95 2 85 3 75 4 70 5 65 6 65 7 75 8 100